Market Overview
Mobile emission catalysts are
components in the automobile emission control systems that reduce the emission
of nitrogen oxides, carbon monoxides, hydrocarbons, and other particulate
matter. Oxidation catalysts based on precious metals such as palladium,
platinum, and rhodium are mainly used in the emission control mechanisms of
automobiles. The increasing demand for these catalysts in Asia-Pacific is
likely to contribute to the growth of the global market in the years to follow.
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Competitive Analysis
The leading players in the global
mobile emission catalysts market are BASF SE (Germany), Johnson Matthey (UK),
Clariant (Switzerland), Solvay (Belgium), Umicore AG & Co. KG (Belgium),
Cataler Corporation (Japan), Heraeus Holding (Germany), Corning Incorporated
(US), N.E. CHEMCAT (Japan), and Zeolyst International, Inc (US), among others.
Market Segmentation
The global mobile emission
catalysts market has been categorized on the basis of precious metal,
technology, vehicle type, and region.
Based on precious metal, the
global market has been divided into platinum, palladium, rhodium, and others.
Among these, the palladium is expected to be the dominant segment during the
forecast period. This is mainly attributed to the increasing demand for the
metal due to its cost competitiveness over platinum and similar performance in
the gasoline (petrol) vehicles. Furthermore, in the diesel engine catalytic
converters, palladium gets readily converted into catalytically active
palladium oxide, as compared to other metals, which is boosting demand for this
metal as a diesel oxidation catalyst.
By technology, the global mobile
emission catalysts market has been classified into three-way conversion
catalysts, selective catalytic reduction, diesel oxidation catalysts, lean GDI
catalysts, direct ozone reductions catalysts, diesel particulate filter,
natural gas catalysts, and others. The three-way conversion catalysts segment
is projected to be the leading technology segment during the forecast period owing
to its widespread use in both gasoline and diesel-powered engines. The
three-way catalyst oxidizes exhaust gas pollutants, both carbon monoxide and
hydrocarbons into CO2 and water, and reduce nitrogen oxides into
nitrogen.
On the basis of vehicle type, the
global mobile emission catalysts market has been segmented into light-duty
vehicles, heavy-duty diesel vehicles, natural gas vehicles, motorcycles &
utility engines, and others. In 2017, the light-duty vehicles segment accounted
for the largest share of the global market owing to the increasing demand for
lightweight vehicles on account of the rising need for fuel-efficient vehicles.
Regional Analysis
The global mobile
emission catalysts market has been studied with respect to five
regions, namely Asia-Pacific, North America, Europe, Latin America, and the
Middle East & Africa. Europe is estimated to be the dominant regional
market during the forecast period. The increasing production of automobiles in
Western Europe and stringent environmental regulations for minimizing harmful
emissions from automobiles are the key factors driving the regional market
growth.
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